The NGIS Software Suite was developed to standardize how offshore data is submitted, stored, and managed. Historically, the oil and gas industry struggled with disparate data formats—seismic surveys, well logs, and drilling reports were often submitted in incompatible formats that made regulatory oversight difficult.
: Launch the NGIS Tool Update icon. The software will check for available updates online and copy the necessary system files to the CF card. Legacy Support Note otc ngis software suite cdrar
The landscape has changed. The era of "we are too small for the CFTC to notice" is over. Regulators now use automated bots to scan SDR data. If your report has an invalid LEI or a missing valuation, a robot fines you—no human review required. The NGIS Software Suite was developed to standardize
Switch the "D" (Dispute) and "R" (Reconciliation) to live. Then the "C" (Collateral). Do this incrementally by product type (e.g., IRS first, then CDS, then FX). The software will check for available updates online